Loan Products

Loans

Trust Business Loan

Finance Trust Business loan

The Trust Business Loan enables you meet your working capital
requirements as you pay back in manageable installments.
For Individual / Joint / Partnership / Company / Business / Financial needs.

Benefits

  • Increase your working capital
  • Loan size varies with your business requirement and collateral
  • Payable in manageable installments
  • Flexible loan period

Requirements

  • Borrower must be 18 years of age and above
  • Operating a legal and running business
  • A saving account at Finance Trust
  • Loan guarantee savings required
  • Sufficient collateral is required for the loan (e.g. land titles, chattels, motor vehicle logbook

Trust Fees Loan

Finance Trust School fees loan

The Trust Fees Loan gives you the comfort of meeting your school fees requirements.

Benefits

  • A reliable source of funds which enables timely payment of school fees
  • Payable in manageable monthly installments
  • Tailored to school term times
  • The loan size is based on the school fees requirement and capacity to service the loan
  • May be run alongside a business loan
  • A good investment for your family

Requirements

  • Borrower may be a new or existing client
  • A savings account at Finance Trust
  • Bank slip/circular from the school/University/tertiary institution
  • No loan guarantee savings required
  • Sufficient collateral is required for the loan

 

Trust Salary Loan

Finance Trust Trust Salary Loan

The Trust Salary Loan gives salaried people the ability and flexibility to comfortably meet their financial obligations.
For Individual / Joint / Partnership / Company / Business / Financial needs.

Benefits

  • Specially tailored to your personal development needs
  • Flexible loan period
  • Payable in manageable monthly installments

Requirements

  • Salary must be paid through your Finance Trust savings account
  • Letter of undertaking from reputable employer
  • Letter of appointment and confirmation in service
  • Two latest pay slips
  • Collateral and guarantors required where necessary
  • No loan guarantee required for Trust Salary Loan

 

Trust Personal Development Loan

An affordable Loan Facility to ease your cash flow for personal development needs.

Benefits

    • Meet your personal development needs
    • Grow your asset base
    • Expand your income sources
    • Longer payback period
    • Payable in manageable installments

Requirements/Eligibility

    • Borrower must be 18years of age and above
    • A savings account at Finance Trust
    • Bank statement
    • Sufficient Collateral(land titles, car logbooks only)
    • 2 reputable personal guarantors

Easy Advance

This product is meant for Finance Trust existing clients who wish to access short term financing to meet emergency financial needs.

These may be salary earners whose salaries are paid through their FT account, good & regular savers, and good borrowers with a good repayment history.

 

Benefits

•The loan can be used to finance consumer needs like payment of medical bills, payment of household utility bills, house rent, car repairs & other emergencies.

•Clearing of goods/vehicles

•Any other tax clearance purposes

• To enable our clients ease their cash flow as they meet emergency financial needs.

 

Requirements

 

•Borrower  must be an existing  Finance Trust customer

•Must be 18 years of age & above

•Must be a good & regular saver or a borrower with a good repayment history.

•A saver who intends to borrow should have been actively saving with Finance Trust for minimum of at least 6 months

•Sufficient collateral cover for the loan for existing customers/savers who are first time borrowers.

•Credit reference bureau Financial card is mandatory

Agriculture loan

The Agriculture loan is for Men and women involved in farming activities at production, processing, marketing of agriculture produce.  May be for individual borrowers or group borrowers.

•Groups of farmers/producer groups engaged in common agriculture production activities as above.

•Companies & associations engaged in agricultural production activities as above.

 

Requirements

  • Individual borrowers must be 18 years and permanent residents in the operational area where the loan is sought for at least 1 year.
  • Should be having a verifiable agricultural  *activity and farming as a business, with experience in a similar line of  farming for at least  two cycles/seasons
  • Existing customers can use their existing SVI accounts to access a loan
  • Recommendation from local leadership like the LC 1 for the first loan (KYC).
  • Proof of land rental if the farmer is renting the land.
  • The borrower should not be a delinquent borrower from another MFI (CRB).

 

Groups:

  • Should have 15 to 30 members
  • At least 5 members with  similar products/activities
  • The group should have their main savings account  domiciled with Finance  Trust

Trust Bank Overdraft

A loan facility that allows individuals and corporate current account holders to draw above their bank balance to ease their cashflow needs.

Benefits

  • Grow your working capital
  • Pay in manageable instalments
  • Pay overdraft in a year.

Requirements

  • Borrower must have a Finance Trust current account with a high turnover.
  • Must have a legal business that has been in existence for at least 6 months or in formal employment.
  • Registration to CRB is mandatory
  • Sufficient collateral for the loan
  • 1 guarantor required
Trust Bank Overdraft

Trust Asset Financing Loan

New and existing Finance Trust Bank customers, individuals and organizations, who wish to access ­financing for movable income-generating assets valued at 3 million shillings and above.

Benefits

 Enabling Finance Trust Bank customers to acquire movable income-generating assets valued at affordable interest rates.

  • The asset should clearly be identi­fiable, movable, durable and insurable e.g. Vehicles/Motorcycles – Commercial only
  • Plant and machinery - manufacturing, processing plants, etc.
  • Equipment - printing machines, factory plants, office equipment, professional equipment etc.
  • Yellow metal-bulldozers, front and loaders, graders, etc.

Requirements

  • Saving or Current account with Finance Trust Bank
  • Clearly identi­fiable source of additional regular income
  • Proforma Invoice for the Asset from prequali­fied suppliers
  • The applicant must contribute at least 30% of the asset value or provide additional collateral worth 30% of the asset value.
  • Good loan history for the case of existing borrowers
  • The asset must be purchased from Finance Trust Bank prequali­fied suppliers.
  • The asset must be comprehensively insured renewable annually,

 

 

 

Trust Asset Financing Loan

Trust Bank Guarantee

Trust bank Guarantee is given to customers engaged in execution of contracts and/tenders with government, international organizations and private institutions. These may be Performance Guarantees, Bid security/bid bonds, or Advance Payment Guarantees.

Benefits

  • Customer gains trust from their business partners to execute contracts/ bids.
  • Affordable interest rates
  • Flexible repayment plans
  • Multiple disbursements offered
  • Support and advisory services to customers.
  • Relieves customer from upfront commitment of capital
  • Eases customer’s business transactions through provision of ­financial solutions.

 Requirements

 BID SECURITY/ BOND/GUARANTEE

  • Must be an FTB customer
  • Invitation to bid/bid notice
  • Proof of the contract
  • Documents to show that the client will bid for the contract.
  • Cash/ collateral equivalent to the guarantee amount (N.B: Collateralized bonds to be handled on a case by case basis)
  • Identification documents of directors
  • Memorandum and articles of Association
  • Certificate of registration
  • Company profile
  • Identification documents of directors
  • Memorandum and articles of Association
  • Certificate of registration
  • Company profile
  • Borrowing resolution for the unsecured limit
  • Curriculum Vitae of proprietors/ partners/ directors
  • Financial card required
  • Details of previous contracts completed
  • Statement of bank accounts for last 12 months

ADVANCE PAYMENT GUARANTEES

  • Must be an FTB customer
  • Evidence of Bid and award of contract
  • Proof of the contract (Copy of the contract)
  • Collateral equivalent to the guarantee amount (N.B: Collateralized bonds to be handled on a case by case basis)
  • Application letter from the applicant
  • Identification documents of directors
  • Memorandum and articles of Association
  • Certificate of registration
  • Company profile
  • Borrowing resolution for the unsecured limit
  • Curriculum Vitae of proprietors/ partners/ directors
  • Financial card required
  • Details of previous contracts completed
  • Statement of bank accounts for last 12 months

PERFORMANCE GUARANTEE

All the above and:

  • Evidence of previous similar contracts
  • Well demonstrated capacity to execute the contract